Tag Archives: International News Agency

OPEC last sought to drive out shale producers by flooding the market with oil in 2014.

The flows resumed on Friday at a modest level of around 50.000-60.000 barrels per day.

ExxonMobil was heavily criticized over its slower move to embrace the concerns of climate change.

The shipyard will build 25 tankers for Rosneft.

Other Chinese oil companies are also gearing up for the winter season.

Rosneft will work on increasing its market share if oil prices drop.

Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.

The IEA has forecast strong growth in gas use in other parts of Asia. including South and Southeast Asia.

Spot LNG prices in North Asia have slumped for seven weeks in the longest losing streak since January 2016.

German energy company Wintershall has stopped activities in Iran over US sanctions against Tehran.